Memorandum on the construction of a solar power plant with the participation of Kazakh investments was signed by the National Investment Agency under the President of Kyrgyzstan and the Kyrgyz-Kazakh joint venture Kun Bulagy LLC.
As reported, the document will become the basis for concluding a direct investment agreement between Kyrgyzstan and the investor, Kun Bulagy company.
The solar power plant with a capacity of 50 megawatts and a preliminary cost of $35 million will be built by Kazakh investors in Issyk-Kul region of Kyrgyzstan in Toru-Aigyr village.
Kun Bulagy investment company, in the framework of the project, intends to develop design estimates and provide funding in the near future. Commissioning of the solar power plant with electricity generation of at least 80 million kilowatt-hours per year is planned no later than in 2024.
Source: 24.kg News Agency